Introducing STK: a new cryptocurrency for instant payments at point of sale

By Mike Lagrange

November 22, 2017

Introducing STK: a new cryptocurrency for instant payments at point of sale

ICO Hotel - November, 2017

Built on the Ethereum blockchain as an ERC20 token, the STK token will enable users to transact with cryptocurrency in mainstream markets and at brick-and-mortar stores without the cumbersome exchange process typical of most cryptocurrencies.

There is 22 trillion dollars per year being spent in the marketplace right now, and yet cryptocurrency accounts for almost none of that. A lack of merchant acceptance means that consumers have to exchange cryptocurrencies into local currency before making everyday purchases. Minimum confirmation times for bitcoin and ether exchanges are too long for day-to-day transactions.

STK tokens will allow users to access a real-time exchange so cryptocurrency can be used for daily transactions online and in-store.

As part of a broader solution to borderless transactions and retail payments, the STK token will be initially available through STACK - a digital financial services platform being launched in Canada later this year. STACK was designed to replace traditional banking with smarter solutions to personal finance.

"Our mission is to provide a free and universally accessible alternative to traditional banking that allows you to store your money safely, access it instantly and transact with it anywhere, in any currency, including cryptocurrency," said Miro Pavletic, Director of STK Global Payments. “Cryptocurrency is unique in its global accessibility, decentralization, and autonomy from localized markets, which helps us deliver on our promise of universal access to your money regardless of country or currency.

STK advisors include Ethan Wilding, a founding member of Ethereum and co-founder of Ledger Labs and David LEE Kuo Chuen, a Professor of FinTech and Blockchain at the Singapore University of Social Science and a visiting Fulbright Scholar (2015) at Stanford University. The STK team has decades of combined experience in financial services, technology and marketing, with a consumer-focused approach to business.

STK's public sale begins December 11, 2017 and runs through January 14, 2018. More details are available at www.stktoken.com.

Tokenbox, a comprehensive infrastructure solution designed to supply all the trading and compliance infrastructure needed to easily create new investment funds specializing in the fast-evolving cryptocurrency asset class, expects to raise the equivalent of $20 million at its Token Generation Event.

Leonard Harley is the Managing Director of impactChoice, and is the man behind the inspiration to create a modern marketplace for the trade of natural assets and carbon mitigation products, a market which has the potential to unlock a massive natural asset class. We caught up with Leonard to find out more about this ambitious project.

Tokenbox, a comprehensive infrastructure solution designed to supply all the trading and compliance infrastructure needed to easily create new investment funds specializing in the fast-evolving cryptocurrency asset class, expects to raise the equivalent of $20 million at its Token Generation Event.

Leonard Harley is the Managing Director of impactChoice, and is the man behind the inspiration to create a modern marketplace for the trade of natural assets and carbon mitigation products, a market which has the potential to unlock a massive natural asset class. We caught up with Leonard to find out more about this ambitious project.